TIC Solutions (NYSE:TIC) Trading Up 4.1% - Should You Buy?

Key Points

• TIC Solutions shares rose 4.1% to approximately $9.64, although trading volume was 96% below the stock’s average session volume.
• Analyst sentiment remains mixed: the consensus rating is “Hold” with an average price target of $12.00, while recent firms have issued targets ranging from $10.00 to $12.50.
• The company exceeded quarterly earnings expectations, reporting $0.14 in EPS versus the $0.10 consensus estimate and $584.35 million in revenue, but it continues to show a negative net margin and negative return on equity.

TIC Solutions, Inc (NYSE:TIC - Get Free Report) traded up 4.1% during mid-day trading on Thursday . The stock traded as high as $9.33 and last traded at $9.6420. Approximately 97,119 shares changed hands during trading, a decline of 96% from the average session volume of 2,400,053 shares. The stock had previously closed at $9.26.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TIC shares. JPMorgan Chase & Co. upgraded shares of TIC Solutions from an "underweight" rating to a "neutral" rating and raised their target price for the company from $9.00 to $11.00 in a research note on Friday, August 21st. Robert W. Baird set a $10.00 price target on shares of TIC Solutions in a report on Friday, August 7th. Zacks Research upgraded shares of TIC Solutions from a "strong sell" rating to a "hold" rating in a report on Wednesday, July 15th. UBS Group raised TIC Solutions from a "neutral" rating to a "buy" rating and raised their price target for the company from $11.00 to $12.50 in a research report on Tuesday, August 11th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of TIC Solutions in a research note on Friday, September 4th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $12.00.

TIC Solutions Price Performance

The firm has a market cap of $1.99 billion, a P/E ratio of -15.72 and a beta of 2.96. The stock's 50-day moving average is $8.51 and its 200-day moving average is $8.41. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.76.

TIC Solutions (NYSE:TIC - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.04. TIC Solutions had a negative net margin of 5.64% and a negative return on equity of 2.30%. The company had revenue of $584.35 million for the quarter. As a group, equities analysts anticipate that TIC Solutions, Inc will post 0.29 EPS for the current fiscal year.

Hedge Funds Weigh In On TIC Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of TIC Solutions by 10.1% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,688 shares of the company's stock worth $83,000 after acquiring an additional 1,165 shares during the period. IFP Advisors Inc raised its stake in shares of TIC Solutions by 137.5% in the second quarter. IFP Advisors Inc now owns 3,441 shares of the company's stock valued at $28,000 after purchasing an additional 1,992 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of TIC Solutions by 9.2% in the second quarter. NewEdge Advisors LLC now owns 28,210 shares of the company's stock valued at $228,000 after purchasing an additional 2,365 shares in the last quarter. HB Wealth Management LLC lifted its position in TIC Solutions by 14.8% in the second quarter. HB Wealth Management LLC now owns 21,260 shares of the company's stock worth $172,000 after purchasing an additional 2,739 shares during the period. Finally, Quantbot Technologies LP bought a new position in TIC Solutions in the second quarter worth $29,000.

About TIC Solutions

Acuren Group Inc NYSEAMERICAN: TIC is a leading provider of non‐destructive testing (NDT), inspection, engineering and consulting services to the energy, petrochemical, manufacturing and infrastructure sectors. The company employs a range of advanced testing techniques—such as ultrasonic, radiographic, magnetic particle, liquid penetrant, eddy current and acoustic emission—to evaluate the integrity of pressure vessels, pipelines, storage tanks and other critical assets. By combining field inspections with laboratory analysis, Acuren helps clients identify defects, prevent equipment failures and meet regulatory requirements.

In addition to core NDT capabilities, Acuren offers specialty engineering and consulting services including fitness‐for‐service assessments, corrosion under insulation surveys, mechanical integrity programs, failure analysis and field machining.

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